The Income Tax (Limits for Enterprise Management Incentives) Order 2012

• Citation: S.I. 2012/1360
• Sections: 2

Section 1 Citation and commencement

This Order may be cited as the Income Tax (Limits for Enterprise Management Incentives) Order 2012 and comes into force on 16 June 2012.

Section 2 Increase in the limits for enterprise management incentives

(1) The EMI code in the Income Tax (Earnings and Pensions) Act 2003 is amended as follows.

(2) In—

(a) paragraph 5(1)(a) of Schedule 5,

(b) paragraph 6(1) and (3) of that Schedule,

(c) section 536(1)(e),

for “£120,000” substitute “£250,000”.